This might be a really dumb question but maybe someone can clear it up for me:
surrender charges in year 1 of the policy are 100% of the amount withdrawn
lapses in year 1 are assumed to be 10%
My question is why anyone would choose to lapse in year 1, with a 100% surrender charge. thanks in advance
surrender charges in year 1 of the policy are 100% of the amount withdrawn
lapses in year 1 are assumed to be 10%
My question is why anyone would choose to lapse in year 1, with a 100% surrender charge. thanks in advance
module 6 - Blackmore Insurance Company
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